Finance
SThree Posts 8% Drop in Net Fees, Announces CFO Resignation
Published by Global Banking & Finance Review®
Posted on March 17, 2026
1 min readLast updated: March 17, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 17, 2026
1 min readLast updated: March 17, 2026
SThree reported an 8% decline in net fees for December 1–February 28 amid weakening hiring sentiment and the resignation of CFO Andrew Beach, who will leave after the April 29 AGM, with Damian Fehrenberg stepping up as interim CFO from April 30.
March 17 (Reuters) - STEM recruiter SThree reported an 8% drop in net fees for the December 1-February 28 period on Tuesday, as muted hiring activity continued to weigh on client sentiment, and said CFO Andrew Beach will step down.
Beach will leave his role and the board at the conclusion of the company's annual general meeting on April 29, SThree said, adding that Damian Fehrenberg, currently senior VP finance, USA, will take over as interim CFO effective April 30.
Mounting fears that AI could displace white-collar jobs have further dampened an already subdued recruitment market, making both clients and candidates more hesitant to commit to new appointments.
Still, SThree has reiterated its fiscal 2026 pretax profit forecast of about 10 million pounds ($13.3 million).
($1 = 0.7524 pounds)
(Reporting by Nithyashree R B in Bengaluru; Editing by Sumana Nandy)
The drop was due to muted hiring activity and subdued client sentiment impacting recruitment.
CFO Andrew Beach is resigning and will leave after the annual general meeting on April 29.
Damian Fehrenberg, currently senior VP finance, USA, will become interim CFO on April 30.
Fears that AI could displace white-collar jobs have made clients and candidates more hesitant to make new appointments.
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